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HomeSense on Cents Will Be Back
Posted by Larry Doyle on August 24th, 2012 5:13 AM |
I guess I could address another in a long line of financial scandal or another rendition of “kick the can”. I think I will defer. As with any effort, there is always a benefit to pause and reflect. So on that note, I will do just that and return to regular commentary after Labor Day.
Perhaps those who enjoy coming to Sense on Cents might care to navigate the site and peruse the extensive links and resources, which I find to be of real value in my own personal pursuit of the truth.
As I take pause and reflect, I hope you can do the same. To that end and while we endure what some may deem the normal hand to hand political combat of another Presidential campaign, I hope this 4-minute video might be able to provide some semblance of perspective. (more…)
HR 757: “We the People” for Real Investor Protection
Posted by Larry Doyle on July 31st, 2012 10:06 AM |
In the same spirit as that which inspired those who signed our Declaration of Independence, I welcome attaching my name to the following proclamation in support of HR 757 for real investor protection. What makes the proclamation highlighted below so special? It is truly a grass roots effort. As noted attorney Helen Davis Chaitmain asserted:
People are contributing money for these ads in order to educate the electorate that our representatives (and the SEC) have forgotten that they represent the people. They have allowed Wall Street (“SIPC”) to renege on its statutory obligation to insure each brokerage account up to $500,000. Why would any honest hard-working American vote for someone who doesn’t support this bill?”
My Sense on Cents Solution for America
Posted by Larry Doyle on July 15th, 2012 11:31 AM |
Although many outlets and institutions within our society deem discussion of traditional family structures to now be off-limits or politically incorrect, the simple fact is our society is suffering tremendously from the breakdown of the two parent family.
The Obama administration and others continually try to score political points by railing on the income gap in America. The real issue in our nation is the education gap.
A lack of education is very often a precursor to a life of poverty. What is increasingly the missing ingredient for many suffering the pains and anguish of poverty? (more…)
The Classic Wisdom of Ray Dalio
Posted by Larry Doyle on May 29th, 2012 5:22 AM |
I somehow overlooked a recent interview in Barron’s with Bridgewater’s Ray Dalio. Having sung his praises more than a few times over the last few years (link here), Dalio once again does not disappoint.
Can a deleveraging process be “beautiful?” Are there strong comparisons between Europe today and the birth of our democracy back in the late 1700’s? What lies ahead for world economies? Might we see more quantitative easing? How long might all this last?
Folks, this interview is a little lengthy but Dalio touches all the bases. If you have any interest whatosever in our global economy and markets, then find the few minutes to absorb the wisdom of Ray Dalio. This “classic sense on cents” is a MUST read . . . (more…)
Student Loan Crisis: Why So Many Colleges May Fail?
Posted by Larry Doyle on May 19th, 2012 7:21 AM |
“We know the model is not sustainable,” said Lawrence T. Lesick, vice president for enrollment management at Ohio Northern University. “Schools are going to have to show the value proposition. Those that don’t aren’t going to be around.”
(The New York Times; May 14, 2012)
Very few topics have received as much attention here at Sense on Cents as the student loan crisis.
In my opinion, the size, scope, and impact of this problem is an enormous anchor weighing down our next generation and our nation’s economy.
Make no mistake, this anchor is not only impacting thousands of students and families but is also having an equally burdensome impact on colleges and universities nationwide.
I choose my words carefully here. The other day I entitled my commentary, Student Debt Bubble: Impending Doom for Colleges.
Doom is a strong word. Why did I choose it? Let’s navigate. (more…)
UPDATE: Naked Short Selling, “Wall St. Conspiracy?”
Posted by Larry Doyle on May 16th, 2012 4:34 AM |
How many people in America today are questioning the very integrity of our markets?
More than we can measure.
Regrettably, there has been strong evidence of practices in selected corners of Wall Street which have violated the trust of investors, betrayed any semblance of fair dealing, and destroyed the development of otherwise viable businesses and companies.
Specifically a month ago, I introduced readers to the artifice of naked short selling in promoting a documentary, “The Wall Street Conspiracy.”
Yesterday, Bloomberg dropped a bombshell on this practice in reporting . . . . . (more…)
SEC Outside Investigator Should Also Look Into. . . Recommended
Posted by Larry Doyle on May 8th, 2012 9:59 AM |
Perhaps it is only fitting that my 2000th post since launching Sense on Cents in January 2009 is directed at issues within our nation’s top financial cops at the SEC.
How interesting that a report is released today indicating that the SEC is bringing in an outside investigator to probe allegations of inappropriate activities within the Office of Inspector General during the tenure of the recently departed IG David Kotz. (more…)
Attention: All Investment Advisers and Investors…
Posted by Larry Doyle on May 3rd, 2012 7:29 AM |
The financial regulatory landscape is poised to change and, as far as I am concerned, not necessarily for the better.
Will you be merely a spectator or do you care to participate in the legislative process that WILL impact most of you? Are you an investment adviser? Are you an investor with funds managed by an investment adviser?
If you fall into either of those camps, I exhort you to get involved. I encourage you to become part of the process and the solution and not merely a bystander. How so? Let’s navigate. (more…)
When Is ‘Uncle Sam’ Moving Out of the House?
Posted by Larry Doyle on April 12th, 2012 7:14 AM |
“The mind, once expanded to the dimensions of larger ideas, never returns to its original size.” Oliver Wendell Holmes, Sr.
Uncle Sam and his friends in officialdom around the world may believe their ideas are of larger size and greater dimension. That point is open to debate. How do the old man’s ideas mesh with the principles of freedom and liberty?
Uncle Sam and his ‘friends’ make for very strange bedfellows . . . and lousy business partners. I cautioned people on this front a few years back.
The sanctity of contracts? Fuhgeddaboutit. The primacy of market based principles? How inconvenient! Protecting private capital? Why bother? (more…)
Start Your Weekend Reading WSJ’s Jason Zweig
Posted by Larry Doyle on June 16th, 2012 6:27 AM |
How did I start my day? The same way I start every Saturday morning. I just read my favorite columnist, The Wall Street Journal’s Jason Zweig.
Long ago I inducted Zweig into the Sense on Cents Hall of Fame. He earns that honorable distinction regularly. How so? Zweig takes his readers into corners of Wall Street not often traveled. After reading his work, I always come away impressed and more informed.
For example, over the last few weeks, Zweig wrote of a portfolio manager at Blackrock who perhaps had “too much skin in the game”. That is, “investors’ skin” in “his game”. Conflict of interest, perhaps? If there is any doubt that Zweig is an impact player, do you think it is pure coincidence that after Jason Zweig broke this story two weeks ago, the PM just stepped down from his responsibility managing the fund. (more…)
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